7Powers of the Library

7 Powers of the Library

(1) The Library has power to do all things necessary or convenient to be done for or in connexion with the performance of its functions. (2) Without limiting the generality of subsection (1), the powers of the Library referred to in that subsection include power: (a) to purchase or take on hire, or to accept on deposit or loan, library material, and also furnishings, equipment and goods needed for the purposes of the Library; (b) to dispose of, lend or hire out library material or other goods the property of the Library; (c) to purchase or take on lease land or buildings, and to erect buildings, necessary for the purposes of the Library; (d) to dispose of, or grant leases of, land or buildings vested in the Library; (e) to occupy, use and control any land or building owned or held under lease by the Commonwealth and made available for the purposes of the Library; (f) to accept gifts, devises, bequests and assignments made to the Library (whether on trust or otherwise); and (g) to act as trustee of moneys, library material or other property vested in the Library upon trust, or to act on behalf of the Commonwealth or an authority of the Commonwealth in the administration of a trust relating to library material or library matters. (3) Notwithstanding anything contained in this Act, any money or property held by the Library upon trust shall be dealt with in accordance with the powers and duties of the Library as trustee.